GCC Surface Disinfectant Market

SKU: DM3063 | Last Updated On: Jul 26 2022 | Available Formats

> GCC Surface Disinfectant Market Expected to reach a high CAGR 8% By 2029: DataM Intelligence

GCC Surface Disinfectant Market is segmented By Product Type (Quaternary Ammonium Compounds, Peracetic Acid, Hydrogen Peroxide, Phenol based, Alcohol based, Chlorine based (Hypochlorous acid, Sodium Hypochlorite, Calcium Hypochlorite), Others), By Formulation (Wipes, Sprays, Liquids), By End-User (Hospitals & Clinics, Outpatient Surgical Centres, Restaurants & Food Chains, Households, Others), and By Region – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

GCC Surface Disinfectant Market is expected to grow at a CAGR of 8% during the forecasting period (2022-2029).

GCC countries are the new growth venue of the surface disinfectant market owing to the increasing demand from the healthcare industry. Disinfectants are widely used across hospitals and clinics, surgical centers, and other healthcare facilities across the region. The increasing healthcare spending is another factor supporting the demand for disinfectants in the region. The healthcare expenditure in GCC is reported as USD 76 billion in 2017, and it is expected to reach USD 105 billion in 2022. The ongoing COVID-19 crisis is increasing the sales of surface disinfectants in the region. Countries such as Kuwait, Saudi Arabia, and UAE are at the forefront of market growth owing to increasing healthcare expenditure.

Global players mostly cater to this domestic demand through imports. GCC region is one of the leading importers of disinfectants globally, Global market leaders such as Procter & Gamble, Henkel, 3M, and Lenntech B.V. dominate the GCC market through their effective surface disinfectants. However, the high growth potential attracts several local specialty chemical manufacturers towards integrating surface disinfectants into their portfolio.

GCC Surface Disinfectant Market Scope

Metrics

Details

Market CAGR

8%

Segments Covered

By Product Type, By Formulation, By End User, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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GCC surface disinfectant market growth:-

Saudi Arabia has the largest healthcare sector in the Middle East region. The keen focus on healthcare improving people's health standards led the government to spend 13.5% of its total expenditure on healthcare facilities, services, and training. Moreover, the outbreak of novel coronavirus (COVID-19) has resulted in strong sales growth of surface disinfectants. The rising number of active cases and concern towards healthcare professionals' safety is forcing sanitation of facilities. As of May 6, the number of active cases in the country reached 31,000. The Royal Order of guidelines includes disinfection of roads, parks, and other public places to curb the virus's communal spread, thus supporting the country's unexpected demand surge. Consumer focus on personal and surrounding hygiene is likely to shift considerably post the crisis, and the demand for surface disinfectants may constantly grow over the forecast period. Quaternary Ammonium Compounds (QACs) evolved as the fastest-growing ingredient in disinfectant wipes due to their efficiency against viruses by product type.

The GCC report would provide access to 40 data tables, 56 figures, and 140 pages.

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